October 2008

Bank Watch: Stocks end month with a bang

Stocks ended October on an upswing with most banks ending the day in the green. The Dow Jones Industrial Average rose 144.32 points to 9325.01, the S&P 500 increased 14.66... Continue reading

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• Mervyn's going-out-of-business sales begin
• Death Row Records to rap up sale soon
• Greenberg fights on, but is the Fed listening?
• Bonus baby brouhaha: Some unintended consequences
• Fighting defections, Nomura gives Lehmanites top j
• Mickey and friends at Disney may hit unemployment
• TMA Wrap-up: Creditor demands can skew fiduciary d
• Russian love of American steel may wane
• Inside The Deal: Booz & Co.'s Gerald Adolph on M&A
• Carlyle gives Lehman's asset management arm a good
• International Bank Watch: Market mash
• Bank Watch: Nightmare on Wall Street
• IOU what exactly? $40B?
• Lombard International still with Friends
• Barclays turns to Middle Eastern backers
• DTCC to begin releasing aggregate data on credit d
• Wall Street's top lobbying group cuts 1/3 of staff
• Koch becomes another critic of $700B bank bailout
• Bank Watch: Stocks surge
• Redstone assures investors he supports CBS, Viacom
• Roll Call: Oct. 30, 2008
• Fed pumps liquidity into emerging-market countries
• Did Bloomberg cry wolf for chance to run for a thi
• The sale of N.J. Nets is no long shot
• International Bank Watch: Up and at 'em
• Bank Watch: Financials look green in midday tradin
• Interpreting the new Goldman partnership class
• Dissolving Heller Ehrman: Hundreds hired, fired an
• Amex to lay off 10% as it freezes salaries and hir
• Report: Deripaska to take $4.5B loan for acquistio
• Wall Street likely to risk backlash and pay bonuse
• Nat City buyout pays for itself with tax break as
• PE firms still doling out record bonuses
• TMA dispatch: Woodward likens Bush administration
• Bank Watch: Have we bottomed?
• Roll Call: Oct. 29, 2008
• Congress looks to cut the strings on bankers' gold
• Cuomo looks for bonus info from nine banks
• Dept. of Justice clears Delta's purchase of Northw
• Hong Kong's high-profile crisis task force meets N
• Qwest to tell employees to hit the road
• Goldman Sachs elects 94 partner managing directors
• Who will Morgan Stanley acquire?
• Boston Properties feels the pain over Lehman's dea
• TMA dispatch: Buckfire, others get Carved up
• Bye-bye, Mervyn's
• Ackman targets Target
• International Bank Watch: Keeping it real
• Chrysler axes hybrid SUV. Will others follow?
• Will GMAC drive away with rescue plan cash?
• Bank Watch: Oh, no! Dow drops again
• Hypo Real Estate seeks government bailout
• TMA dispatch: Distressed investing beyond spam and
• Banks start linking corporate loans to credit defa
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Is Dick Grasso an Icahn disciple?
• Congress targets Wall Street's bonus pool
• Market explodes on expectations of rate reduction
• Roll Call: Oct. 28, 2008
• Lazard hires Lehman's Alexis de Rosnay as a vice c
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Treasury says its 'financing needs will be unprece
• Gramercy Capital hires CEO, as investment and cred
• 'Gossip Girl' name drops Warren Buffett
• Treasury's 25 garbage men
• Mrs. Fields exits bankruptcy and starts cooking ag
• Moody's lowers Ford Credit due to slowing sales
• Accountants to Cox: Keep politics out of accountin
• N.Y. Fed solicits plans for credit default swap cl
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Miami Dolphins owner rushes to sell stake to avoid
• Colin Powell kicks off TMA convention
• Could the Hexion and Huntsman deal be cursed?
• International Bank Watch: Back in business
• BG fills up tank with Queensland Gas
• Will Barclays take Russian bank support?
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Bank Watch: On the up and up
• Roll Call: AIG asset sales
• Have we learned enough?
• Wall Street has roughly $20B set aside for 2008 bo
• A few Deal Stocks shine
• Roll Call: Oct. 27, 2008
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Report: GM-Chrysler closer to winning government d
• The ABCs of bankrupt biotechs
• Bad news for Newark's Bears
• Bank Watch: And then there were 15
• Why Lewis, and not Dimon for Banker of the Year?
• Harrah's a bad bet for PE?
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Coming soon! CDS auctions for Iceland's defaults
• City National may go on the hunt with government m
• Commercial paper rates stay high, despite Fed prog
• Alpha Bank adds to the record bank failures
• International Bank Watch: World stocks slip
• New rumor links Volvo to BMW
• Porsche turning corner on Volkswagen
• Recession fears stalk global stock markets
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Bank Watch: Banks receiving cash injections
• Morgan Stanley weathers $46B run on its money mark
• Goldman sought merger with Citi before the bailout
• Recession fears drag down markets, Deal Stocks
• The Journal offers a 'what if' scenario for Kerkor
• Report: BofA to dangle bonuses to Merrill Lynch br
• No joke, Freddie battles Lehman for $1.2B
• Trying to find the beef at Metromedia Steakhouses
• Fuddy-duddy banks feast on their once flashy peers
• Where Wall Street meets Main Street and Congress
• Bank Watch: No love for National City
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• J.P. Morgan takes N.Y. recruiter to court over poa
• New AIG execs have big task of paying back mammoth
• Dodd questions Treasury's bailout execution
• PNC buys National City for $5.2B in stock
• Global markets tank
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Haier won't bid on GE Appliances unit
• Treasury prepares to buy equity in regional banks
• Deal market remains docile as Dow rebounds
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Roll Call: Oct. 23, 2008
• WaMu default swap holders will get 57 cents on the
• Michigan politicos ask that automakers be included
• Shock and awe in the Capitol
• Why the next treasury chief needs some charisma
• Will Downey's SOS be answered by Treasury bailout
• US Airways secures nearly $1B in fresh financing
• Does Asarco have a backup plan?
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• The Times and Henry Paulson: The first postmortem
• Sarkozy details sovereign fund scheme
• Sandy Weill may start buyout fund targeting financ
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• GM puts ACDelco on the block
• Nissan won't front cash in any deal with Chrysler
• Faegre's W. Morgan Burns: 'Almost all M&A is stres
• Goldman Sachs may lay off up to 10% of work force
• Bidders lining up for Lehman's remaining private c
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Credit markets thaw, but earnings are chilly
• Lawsuit pile facing Lehman may become an Evergreen
• Roll Call: Oct. 22, 2008
• S&P officials paint ugly picture of ratings game
• Treasury taps Ex-Im's Lambright for TARP position
• Cuomo nudge tightens the lid on AIG bonuses
• Bank Watch: Wachovia sends everyone into the red
• Ethanol plants nothing but gasbags
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Bank Watch: Everyone in the red
• Argentina just one of many countries that may go b
• BofA, Merrill name MGMT heads ahead of deal closin
• Barney Frank calls for moratorium on Wall Street's
• Are corporate CDOs the next crisis on the horizon?
• America to Paulson: Thumbs down
• GM, Chrysler appear to be seeking alternatives
• Euro stocks fall on recession fears
• LCH.Clearnet and DTCC come together
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• The search for good and evil in the Lehman prosecu
• Tech doldrums besiege the Street
• Bank Watch: Mixed results on down day
• Roll Call: Oct. 21, 2008
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• No Avastin bump for Genentech
• Whole Foods to receive rare appeals court hearing
• Watchdog worried about bank deals
• Massive fallout from Lehman credit default swaps n
• Tishman Speyer gets Moody over Stuyvesant Town bon
• Barclays hires 100, mostly from Lehman Brothers
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Federal Reserve rolls out $600B facility for money
• Midwestern regional banks continue to bleed
• The Times tries the bipolar approach to the crisis
• Bank Watch: Mixed results on down morning
• Overnight LIBOR finally falls below Fed rate
• Kerkorian slashes Ford stake
• France buys bank debt
• U.K.'s Pru definitely has eyes for AIG's Asian ass
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Google, Yahoo! likely to drop venture
• Fed sets up lending facility for money market mutu
• Treasury's visible hand in bank consolidation
• Let the thaw begin?
• Cox, the SEC and the future of derivatives regulat
• BofA's Lewis: Accepting bailout money was patrioti
• Circuit City Stores blows a fuse
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Is Icahn cutting back?
• Redstone unloading CBS or Viacom doesn't add up
• Busted M&A deals gone wild
• Is bankruptcy a better option for Chrysler?
• DOJ's split decision on JBS deals
• Cox: CDS market needs transparency, regulation
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• HSBC doubles size in Indonesia with purchase of Ek
• Financial crisis prompts worries at FBI
• Sweden joins bailout brigade
• ING goes from potential savior to saved
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Thawing credit markets increasing confidence in ba
• N.Y. state and feds investigating credit default s
• GM and Chrysler racing to get a deal done before e
• Merrill's Thain expects thousands more to be laid
• Report: Prudential plc weighs stake sale to fund A
• DOJ to host workshop on airline antitrust and comp
• Buffett's words not enough to buoy markets
• Inside The Deal: Cravath partner Jim Woolery on th
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• Bankers worry capital injections will cast them as
• Will Pilgrim's Pride sell or file for bankruptcy?
• Bank Watch: More bad earnings announcements
• Nursing homes continue to reel in Connecticut
• Steve & Barry's gets a Harold
• Has AIG's asset sale stalled?
• Another Tweeter blowout?
• Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
• International Bank Watch: Stumbling into new terri
• Crisis Dashboard: LIBOR, VIX, TED spread, Dow
• With stocks down, Buffett is buying
• Kazakhmys ends merger talks
• Bailout prompts PE firms to take another look at b
• Lehman Brothers executives subpoenaed for investig
• Bank Watch: Filling in the hole
• RBS reconsiders insurance disposal
• Chinese sovereign wealth fund increases Blackstone
• J.P. Morgan bonuses slashed
• Bankruptcy Update: Lehman Brothers, Primaris and m
• Analyst: Government to clear wireless deals soon
• Icahn lays blame on the 'clowns' and 'mad scientis
• Not ready for GReddy's filing
• Fed expands bank holding company, compliance risk
• Bank Watch: Rollercoaster ride
• Lehman's Gelband gives up $10M to $25M pay package
• Is Cerberus forcing GM's hand?
• Hedge funds shouldn't expect to see any bailout mo
• Cell Genesys tanks, takes Takeda cash with it
• Southwest Air not feeling the luv
• Going out of business: Linens 'n Things throws in
• Here come the investigations
• Bank Watch: Earnings Thursday
• Highland Capital to shutter its flagship debt fund
• International Bank Watch: Is it only a flesh wound
• Euro stocks fall, credit markets thaw
• Hedge funds under siege as investors pull $43B in
• SEC to keep an eye on short sellers
• Compare and contrast on Swiss bank bailout
• Bankruptcy Update: Lehman Brothers, Tropicana and
• Tesla Motors hits road bumps
• Bank Watch: More earnings on deck
• Tyson Foods wants to fatten up
• The 'hired guns' become the fired guns
• Credit crisis fallout spills onto the Nascar's tra
• Finding more signs of the 'D' word from Asia
• Report: Bank collapse fuels recent uptick in M&A d
• Greenhill hires M&A bankers, opens Japan office
• Barclays weaves Lehman bankers into its senior ran
• Genentech stays mum on Roche bid
• RBS, Lloyds and HBOS push for revision of bailout
• Bank Watch: Financials fall
• Hedge funds counter Italian government attack
• LIBOR falls for a third day as banks emerge from t
• J.P. Morgan's profit falls off a cliff
• Will the Fed's commercial paper plan backfire?
• Wells Fargo revenue is up, profit down
• Bankruptcy Update: Linens 'n Things, Sturgis, Asar
• Banks accelerate to green territory while overall
• Heinz sees more deals with international flavors
• Simpson Thacher pick makes Frank hopeful
• Bank Watch: Money in the bank
• Wall Street, Paulson and the race for Treasury
• Greenberg only wants what everyone else is getting
• Congress' role in the equity infusions
• Masonite's debt comes back to haunt KKR
• Karmazin projects profitability for Sirius XM, des
• Where have all the Lehman Brothers bankers gone?
• Drilling for deal targets
• Pier 1's foundation looks ready to buckle
• Will RBS' Citizens drop the last four letters of i
• Will the government's capital plan encourage bank
• Bernanke points to history lessons in dealing with
• International Bank Watch: Looking up
• LIBOR rates fall on bank bailout plans
• Bank Watch: Ready, set, inject!
• Global markets celebrate U.S. capital injection
• Mitsubishi UFJ wrings out better terms from Morgan
• Sovereign loses independence to Santander
• Treasury releases details of its Capital Purchase
• Paulson on equity stakes: 'We regret having to tak
• Bush: Recent measures are essential to viability o
• Feds to inject $125B in largest U.S. banks
• Treasury to invest $250B directly into banks
• Mr. Dow's wild ride
• Report: Goldman applies for N.Y. bank charter
• Bank Watch: Dow surges over 900 points
• Asian nations create initiatives to support global
• ABA not satisfied with FASB clarification
• Fed lets European central banks borrow unlimited d
• Roll Call: Barack Obama lends VCs a hand
• Euro bank executives' golden parachutes are coming
• Standard Chartered cherry-picking bankers amid cri
• Treasury's $700B man outlines goals
• Rivals' bankruptcies benefit Best Buy, Bed Bath &
• Meet Kashkari's team
• International Bank Watch: Global gains
• Fannie and Freddie: From rescued to saviors
• Adidas scores Ashworth
• Inside The Deal: Getzler Henrich's Dino Mauricio o
• Roll Call: Scotland reacts to RBS bailout
• FASB clarifies mark-to-market
• Europeans move on bank bailouts
• Bank Watch: Getting back on track
• Global markets cheer new rescue plans
• Waste Management withdraws $6.7B offer for Republi
• Bankruptcy Update: Lehman Brothers, Linens, Ascend
• Mitsubishi closes on $9B investment in Morgan Stan
• Will Wells Fargo take a pass on Wachovia's i-banki
• Santander may grab the rest of Sovereign
• Cerberus to abandon Chrysler deal?
• U.S., leaders of major economies set market rescue
• Redstone sells stake in Viacom, CBS to meet loan t
• Everything is going to be OK?
• Bank Watch: The markets yo-yo
• The Deal newsweekly, week of Oct. 13
• International Bank Watch: Global chaos
• Will the Japanese or U.S. government bail out Morg
• Miller and Weil Gotshal ride high
• Defections and hires: Merrill Lynch fights brain d
• Ford's stock free falls, CFO departs
• Barclays to shed 3,000 after Lehman deal
• Breaking: Lehman CDS final results: 8.625 cents pe
• Analyst: Much maligned airline sector now underval
• Moody's is down on Morgan Stanley
• Report: Lehman CDSs set up biggest-ever payout
• Rabble Babble: Morgan Stanley stock free falls on
• Fed meets to advance CDS clearinghouse
• Roll Call: How banks hedge counterparty risk
• International Bank Watch: Europe is in the red
• Vodafone nearing deal to take control of South Afr
• Bank Watch: Morgan in free fall as others stay in
• Crisis deepens, bailouts grow
• GE reports earnings drop; markets react
• Bankruptcy Update: Lehman Brothers, Asarco and mor
• No love for Lilly
• Dow falls below 9,000
• Breaking: Citi ends negotiation with Wells Fargo o
• GM shares plunge on S&P warning
• Wachovia free falls as Citi, Wells Fargo fritter
• Feds eye direct investments in banks
• Lehman's unwinding begins
• GM shares travel back to 1950s levels
• Hartford reportedly shuns MetLife approach
• Roll Call: A quadrillion dollars of debt!
• 118-year-old Heller Ehrman dissolves, employees le
• Rabble Babble: Short selling ban ends, and Morgan
• AIG gets more cash and faces growing pressure to s
• H. Rodgin Cohen: Earning his keep
• Pimco in talks with N.Y. Fed about managing commer
• Report: U.S. government may take stakes in Americ
• Iceland takes control of Kaupthing, puts blame on
• Bank Watch: Tough Thursday
• Belgium, France and Luxembourg come to the rescue
• Deutsche Bahn railway IPO likely to be derailed
• Rabble Babble: National City may be in talks
• Bankruptcy Update: Mervyn's, Linens and more
• MetLife capital raise crushes stock
• Narrowing of 10-year U.S. swap spreads could sugge
• Inside The Deal: Milbank Tweed's Bruno on the bene
• The Fed's generosity continues, but the Street rem
• International Bank Watch: Cutting rates, pumping i
• Were AIG's managers asleep at the wheel?
• Revised union labor contract saves Star-Ledger
• Ready, set, short!
• Flush with cash, MetLife eyeing deals
• Breaking: Wachovia ceasefire extended to Friday
• An oracle for treasury? How about an egghead inste
• Morgan Stanley gets Mitsubishi reassurance on capi
• The showdown for Wachovia
• Tata picks up Citi's back-office unit
• Bank Watch: Wednesday whiplash
• U.K. banks receive $87B infusion
• Today's J.P. Morgan candidate? Jamie Dimon
• Icahn wants you for the United Shareholders of Ame
• Bankruptcy Update: Goody's, Archway Cookies and mo
• Not even Deal Stocks escape the bears
• Paulson, Kashkari and the politics of TARP
• Fed makes push to set up default swaps clearinghou
• GM considers selling its HQ
• Out of work dealmakers: Apple carts, mini golf or
• Bank Watch: On the way down
• Hit by bank failures, FDIC proposes higher rates
• EU to match U.S. mark-to-market accounting rules
• Fitch: ImClone an expensive pill for Lilly
• Landry's Fertitta plays, 'Let's make a deal'
• Ackman wants to be 'heralded' for shorting
• Bank Watch: Heavy lifting
• Nationalization of Landsbanki aims to avert Icelan
• Europe's scattered response to crisis
• Federal Reserve to set up commercial paper fund
• Zurich taps AIG's Philip Wilson
• Lehman reneges on severance payments to former emp
• Bank of America to raise $10B in offering
• Bankruptcy Update: Lehman Brothers, IBC and more
• Private capital fundraising pace turns red hot
• Help Wanted: Treasury seeks managers for $700B
• Deals surface during Monday's bloodbath
• Warren Buffett is no J.P. Morgan, and vice versa
• Assisted-living retirement communities need help t
• DreamWorks divorce from Paramount final
• Bank Watch: Free falling
• Roll Call: The Monday meltdown
• Will PE firms, REITS join the foreclosure lists?
• Jim Cramer: 'Please take it out of the stock marke
• Credit markets shrug off central bank moves, tight
• Bank Watch: Dow nosedives below 10,000; Wachovia s
• BofA spends $8.4B on Countrywide litigation
• Reliant exploring options, may sell
• See Lehman hearings
• The FT on just how unpopular shorting is
• The WSJ on how Lehman Brothers died
• Hypo Real Estate bailout 2.0
• Euro banks apply bandages on faltering financial s
• Bank Watch: Dow dives, takes banks with it
• Bankruptcy Update: WaMu, Mrs. Fields and more
• Lehman Brothers and AIG hearings to be held this w
• Eli Lilly buys ImClone for $6.5B
• Amgen names French banker as new director
• Fed pushing parties to compromise on Wachovia
• Paulson to tap Neel Kashkari to head bailout
• Lehman's Fuld goes to Capitol Hill heads to face t
• Wells Fargo regains advantage in fight for Wachovi
• Citi wins injunction extending its exclusivity agr
• Celent's Bart Narter on the Wachovia tug-o-war
• Ready, steady, short!
• Closing Bell: Bailout is not enough to bail out th
• Searching for signs of the dreaded 'D' word
• Inside The Deal: CIT's Gregg Smith on middle-marke
• The Star-Ledger and Star Tribune: A tale of two ci
• Lehman shoots the messenger
• The Deal newsweekly, week of Oct. 6
• Could Huntsman end up buying Hexion?
• Banks set Federal Reserve borrowing record
• AIG assets up for grabs
• FDIC gives qualified support to Citi on Wachovia d
• Bank Watch: Bailout passes; market jumps around
• Breaking: Bailout bill passes
• AIG to sell Alico businesses
• AIG to sell personal lines business
• AIG to sell U.S. life and financial services busin
• Citi tells Wells Fargo to back off of Wachovia
• Wachovia credit default swaps tighten after Wells
• J.P. Morgan sweeps out Fishman, rest of WaMu execs
• Subprime-battered German bank may break up
• Bank Watch: Stocks perk up
• Auction block league tables: The top extend their
• Southwest expansion makes Sun Country's survival c
• Bankruptcy Update: Lehman Brothers, Star Tribune a
• Wells Fargo grabs Wachovia
• Thomson Reuters CEO sees silver lining in bank cri
• Investors run for cover as they wait for governmen
• Lehman Brothers Merchant Banking: Business as usua
• So you want to sue Lehman too? Get in line.
• FASB to Congress: Don't politicize accounting rule
• Rewarding Wall Street's failures
• Is Stein gambling with Tropicana AC's value?
• Bristol-Myers could make ImClone a hard pill to sw
• WPP likely to succeed on hostile offer for Taylor
• EU bailout talk divides Germany and France
• Bank Watch: Slip and slide
• BofA explains Thain's new role
• Citadel's on a high-profile hiring spree
• Bayer has healthy appetite for more acquisitions
• Bankruptcy Update: Tropicana, Boscov's and more
• Senate approves bailout bill
• Obama: 'We could get most if not all of our money
• Out of their jobs, Lehman's U.K. staff lose out on
• Bank Watch: Stocks spared prior to vote
• Borders reads Ackman a warrant
• NYSE Euronext sees extension in short sale ban
• New FDIC coverage limits: another worry for U.S. t
• Buffett to invest $3B in GE
• Bloomberg may seek third term to restructure NYC's
• Even the creative are going bankrupt
• Bank Watch: Riding the seesaw
• United Airlines raises financing through asset sal
• Hostile takeovers surge as the cash-rich gobble up
• Oakgroup to be buried with Lehman rubble
• Roll Call: Is the bailout a done deal?
• Rabble Babble: Wells Fargo's sweet tooth for acqui
• Roll Call: Bailout links to check out
• Citigroup, Abertis give up on Pennsylvania Turnpik
• Bank Watch: Another day, another dollar
• Fortis pulls asset sales
• Genworth unit hits the auction block
• GameStop scoops up Micromania for $700M from PE fi
• Bankruptcy Update: OBC, Hard Rock Park and more
• Greenberg forcing his way into auction of AIG asse

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